BTC Price drop? - page 5. | Bitcointalksearch.org

shata

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Quote from: Wexnident on October 24, 2017, 04:04:03 PM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Probably that is the main reason. As far as I remember, in the recent segwit2x last August, same thing happened, its market valu dumped before the fork and increase right after it. And maybe that's the reason why the value of Bitcoin is stucked at 6000$ and will also probably increase after the fork and make it possible to reach 7000$ before this year end.

I think one of the reason why BTC price drop is due to the uneven movement of its mining cost. Once you have mine close down, they tend to unload their stored bitcoin which cause chain reaction. I think the future of bitcoin is very bright. However that does not mean that the price of bitcoin will go up or down. One might argue that the market is going through its long term growth correction, but there is a chance it could be in for a deeper fall.

TheMojo1

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reason is BTG many sell BTC to get BTG

Fuhre

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Quote from: SMSabuj on October 24, 2017, 01:53:08 PM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Haha

It not for the HardFork. It's natural for Bitcoin. And It will pump soon. Yes, some people are really scared for the HardFork. But I think nothing to have worried about HarFork.

Well you are right, this is a normal thing for bitcoin. People are afraid of hard forks making them sell all their bitcoin until prices drop significantly, but not all of them are worried because of the hard forks. I am not worried about the coming hard forks.

Izarok

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Quote from: amacar2 on October 18, 2017, 03:15:37 AM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Its just some big whales dumping their holding or cashing out their profit from this short term huge rally, current pump on price was only supported by high speculation over comming hard fork so bigger dump than this one is quite guaranteed after the hard fork.

That pretty much explains it all. The drops in pricing is normal after a huge rally or bull run. The price will spike or peaks then eventually normalize at some point.

Freegan

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

You're a new guy here. Eventually you will get used to see these big oscillations in the price of bitcoin, since those who have followed closely the performance of bitcoin (and most of the criptomonedas) have been able to witness drops of 10, 20 or 30% in a matter of days. Fortunately, in all previous cases the price of bitcoin always ends up recovering to continue its bullish trend.

rhamzter

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Quote from: Lanatsa on October 24, 2017, 04:54:08 PM

Quote from: ?? on ??

A little correction is expected here, but we cannot consider it as a panic selling. In fact people will like to get profit from their investment and they will try to sell their bitcoin at some profit. Therefore the price can get lower. But hope that very soon the price will again recover its price when investors will become interested to do investment in bitcoin again. I think we can expect that at the end of 2017 the price of bitcoin will be trading above 7000$. Because bitcoin has the potential to increase more.

Price corrections will surely happen specially when we saw up sudden price increase on bitcoin which i do see somehow that it is being hyped because of the fork event and now it has been done and the price tends to go lower again and as you said people or investors will surely taking profits as of now and yet cant be considered as panic sell though.

Fall down of bitcoin value in the market was normally happen due to hardfork coming, more of the users were hold their balance in their wallet to secure their value and they believe that after this segwit bitcoin price is going back into increasing trends. But for me it's better to withdraw you balance because I'm sure that after hardfork bitcoin value will going into deep. I think this fall down of bitcoin value is the best opportunity to invest.

Lanatsa

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Quote from: ?? on ??

A little correction is expected here, but we cannot consider it as a panic selling. In fact people will like to get profit from their investment and they will try to sell their bitcoin at some profit. Therefore the price can get lower. But hope that very soon the price will again recover its price when investors will become interested to do investment in bitcoin again. I think we can expect that at the end of 2017 the price of bitcoin will be trading above 7000$. Because bitcoin has the potential to increase more.

Price corrections will surely happen specially when we saw up sudden price increase on bitcoin which i do see somehow that it is being hyped because of the fork event and now it has been done and the price tends to go lower again and as you said people or investors will surely taking profits as of now and yet cant be considered as panic sell though.

manchester93

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Quote from: Wexnident on October 24, 2017, 04:04:03 PM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Probably that is the main reason. As far as I remember, in the recent segwit2x last August, same thing happened, its market valu dumped before the fork and increase right after it. And maybe that's the reason why the value of Bitcoin is stucked at 6000$ and will also probably increase after the fork and make it possible to reach 7000$ before this year end.

The way that price dumped (and alt prices rose) immediately after the BTG snapshot suggests that some people were holding BTC to get BTG. After the snapshot, they were free to dump again. Doesn't really make sense because it's just a scamcoin, but there was a lot of hype around it. I don't even understand how it's trading on Bitfinex, since the blockchain isn't even public yet. The blockchain might not even exist yet...

Wexnident

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Probably that is the main reason. As far as I remember, in the recent segwit2x last August, same thing happened, its market valu dumped before the fork and increase right after it. And maybe that's the reason why the value of Bitcoin is stucked at 6000$ and will also probably increase after the fork and make it possible to reach 7000$ before this year end.

naughty1

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

I think this is perfectly normal, not worrisome, bitcoin goes up too fast, so it can not stabilize, the price goes down is inevitable, if it constantly goes up, it will fall pour

SMSabuj

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

Haha

It not for the HardFork. It's natural for Bitcoin. And It will pump soon. Yes, some people are really scared for the HardFork. But I think nothing to have worried about HarFork.

Kronos21

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Most bitcoin users believe in sustainable growth. It does not happen. In the early years all dreamed to bitcoin reached the price of $ 2000 by the end of the year. Now panic because the price fell below $ 6,000. Don't you think that's funny? My advice take care of your nerves and enjoy the ride.

Shinpako09

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It happen usually if there is rise, the next move will be a drop and it's normal that if there is a fork the price will go down. Coz people might think the price will go down, as usual they will be panic selling again. Rise, drop, all is normal and that is how btc price works.

loda.doa

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Quote from: Yuuto on October 22, 2017, 03:46:41 AM

Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

These drops in price are completely normal. People are just taking their profits along the way when the prices have risen up by too much in a short period of time. If it doesn't happen now that'll just mean it'll happen some other time in the future.

Price has recovered and broken $6k again, which means that we shouldn't be seeing the end of the bull trend any time soon.

I agree with you. very easy to recognize this is the sell to take the profit of traders. We are very familiar with this. However this is new for newbie. newcomers usually are shock with this sudden price movement and panic ensures. I think the price will stabilise again about a week after the fork took place

MiF

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

I think this is normal that bitcoin will slightly drop sometimes, that you should not expect that bitcoin price is always climbing up because if you do you will not become a good trader in the future. This normal dropping have many reasons like sometimes people are in need of money that they need to sell their bitcoin or others would try to invest in altcoins because they found out their is promising that they could earn more and maybe others are get bored in crypto currencies trading that they will shift to another field of endeavor.

denny27

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Basically bitcoin price that dropping, of course it's because many people are selling bitcoin it has. Well it could be, because the opinions of each person had be different, they may be worrying in predicting the price that will come down at a time when a hard fork occurs and will result in a sustained decline. But maybe also many people who think $6000 is the point that should be used to sell it.

Yuuto

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

These drops in price are completely normal. People are just taking their profits along the way when the prices have risen up by too much in a short period of time. If it doesn't happen now that'll just mean it'll happen some other time in the future.

Price has recovered and broken $6k again, which means that we shouldn't be seeing the end of the bull trend any time soon.

bitalive

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I guess that was for some "Minor Price Correction" issue. The market will go bullish again in no time. https://www.bitcoinmarketinsider.com/bitcoin-and-ethereum-price-takes-minor-correction/

bitcoin31

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I think why last few days the price of bitcoin decrease because the people panic selling because they have doubt in their mind that bitcoin price will decrease because of the fork. But if you see the price of bitcoin is already 6000 dollars so if you sell your bitcoin you lose some profit. But Im happy again because the price of bitcoin increade again and I hope it will continue to increase.

haroldtee

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Quote from: Asteria478 on October 18, 2017, 03:09:17 AM

Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?

People aren't scared. It is normal with market. Always remember that whales are usually involved in controlling market prices, apparently they have so much to do that, which is how they make profit from it.
Nevertheless, it is always surprising how people react less to huge value spike but let it reduce a little, then worry kicks in. Price shot up from $4500 to $5800 few days ago before breaking the present thresh and no one complained and then it dropped a little with about $600-$700 and people got scared. SMH.

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